Bharat Bhatia: Dubai’s billionaire steel magnate was once a pick-up driver and salesman

Everybody looks for inspiration from someone or something to propel their lives. And for Bharat Bhatia it was and is Bollywood legend Amitabh Bachchan. In fact if it wasn’t for this actor and his movies, Bhatia said he would not have stepped out of his comfort zone as an 18-year old boy way back in 1983 […]

Abu Dhabi’s real estate sector sees 4.6% growth in last five years

Abu Dhabi: Abu Dhabi’s real estate sector has grown 4.6 per cent over the last five years, with the emirate’s property market forming a key pillar of Abu Dhabi’s drive towards a more diversified economy, said a leading official at the opening of the 11th International Real Estate and Investment Show (IREIS) on Wednesday. Taking […]

Fiat and PSA seal carmaking deal to face expensive future

Paris: Rival carmakers PSA Group and Fiat Chrysler Automobiles NV agreed to combine, pooling resources to confront an expensive new era of trade tariffs, emissions rules and electrification. The boards of Fiat Chrysler and Peugeot and Citroen-maker PSA agreed to work toward a binding agreement in the coming weeks, they said Thursday in a joint […]

UAE’s tax authority urges tax registration for new excise duties

Dubai: Federal Tax Authority (FTA) on Tuesday urged all manufacturers and importers of items listed in the expanded list of excise duties to register with the Authority for tax compliance ahead of the date of implementation of new taxes. The UAE introduced the excise tax October 2017 on goods, which are deemed harmful to public […]

US farm bankruptcies surge 24% on strain from Trump trade war

Washington: US farm bankruptcies in September surged 24 per cent to the highest since 2011 amid strains from President Donald Trump’s trade war with China and a year of wild weather. Growers are also becoming increasingly dependent on trade aid and other federal programs for income, figures showed in a report by the American Farm […]

Facebook profit climbs to $6b along with user base

San Francisco: Facebook on Wednesday reported that its quarterly profit grew along with its user base as it grapples with concerns ranging from political ads to cryptocurrency. The leading social network said its profit topped $6 billion (Dh22 billion) on revenue that climbed 28 per cent to $17.4 billion in the quarter that ended on […]